Transferring Competencies Across Industries Involves Taking a Distinctive Competency Developed

question 21

True/False

Transferring competencies across industries involves taking a distinctive competency developed in one industry and implanting it in an existing business unit in another industry.

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Definitions:

Artistic Risks

The undertaking of new, unconventional, or controversial projects or ideas in the realm of art, challenging established norms and potentially leading to innovative breakthroughs.

Creative Writer

An individual skilled in crafting original, imaginative content, such as stories, poetry, or scripts.

Industry Needs

The demands or requirements within a specific industry that businesses need to meet to be successful, including workforce skills, technological advancements, and regulatory compliance.

Unionized Firms

Companies or organizations where a majority of the workforce is a member of a union, which represents the employees in negotiations with the employer about wages, working conditions, and other employment terms.